Susan,

Does the private industrial source consider the money a gift?  That could be
why they don't expect an agreement but, if this is the case, they will expect
acknowledgement.  You could then handle the funds as unrestricted but get that
PI to go out and use it as match!

Ruth Tallman

Office of Research and Sponsored Programs
Lehigh University
526 Brodhead Ave.
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Phone: 610-758-3024
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